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Apr 20, 2013
04/13
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we saw larger deficits, some of larger government. some of the discretionary spending cut and the democratic growth did cut the government's share of the private economy. we saw when even while reagan was in office when it came time to deal with the deficit that was something we ended up doing on democratic terms. with tax increases that began to wipe out the reagan tax cuts before he left office. and sharply curtailing when bush iv i was in office. that approach did not shrink the federal government. the next approach that was used was the theory of starve the beast. which contradicts the supply side. but we were in a slightly different place. instead of now we get the tax increase. we argue the tax cuts will reduce revenue. it will mean that the federal government has less money to spend and spend less. i think it's half right if you give the federal government more money it will find a way to spend it. the history of 2000s show it actually made growth of government seem like it was cost free. even taxation deferred than tennesseeed
we saw larger deficits, some of larger government. some of the discretionary spending cut and the democratic growth did cut the government's share of the private economy. we saw when even while reagan was in office when it came time to deal with the deficit that was something we ended up doing on democratic terms. with tax increases that began to wipe out the reagan tax cuts before he left office. and sharply curtailing when bush iv i was in office. that approach did not shrink the federal...
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Apr 20, 2013
04/13
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have been deficits for four years. but sometimes you need some, you get it, other times, in germany, to end with one poll that is quite interesting. you may know, you may have known that of course there's a lot of concern in public opinion, is it not the wrong decision to care for the european monetary, if you look at -- be have the highest polls we ever had, and shoo we stay in the euro or not. 70%, which is high, said, yes, we have to stay. we have to solve the problem. and it's a good basic. thank you very much. >> thank you very much. [applause] >> let me just start the questions by asking you, we have seen major initiatives in both the united states and europe to regulate banks. is more coordination needed between the two of us and if so, how would you recommend that we could achieve that. >> obviously more coordinate needed, but we try to find solutions in europe. we know that u.s. has in some way gone ahead, but we will work -- we discuss -- it's not most problematic issue actually, to have common understanding
have been deficits for four years. but sometimes you need some, you get it, other times, in germany, to end with one poll that is quite interesting. you may know, you may have known that of course there's a lot of concern in public opinion, is it not the wrong decision to care for the european monetary, if you look at -- be have the highest polls we ever had, and shoo we stay in the euro or not. 70%, which is high, said, yes, we have to stay. we have to solve the problem. and it's a good basic....
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Apr 23, 2013
04/13
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KICU
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the eurozone's collective deficit decreased in 2012. its most financially strapped countries, including ireland, greece and italy, have trimmed or stabilized deficits, while more secure nations like germany have pulled back on spending. meanwhile, greece, ireland, italy and portugal each still have debt that is higher than a year of the country's economic output. general motors drives up sales in china. the car company sold one million cars in china faster than it ever has before. last year, it took until may 7th before gm sold its one millionth vehicle. the news comes during the shanghai auto show. there are more than one hundred automakers in china. sales growth is exploding, and american car companies are hoping to compete. singapore is a growing "money magnet" for the wealthy. a new report says singapore is on track to replace switzerland as the largest offshore wealth hub. switzerland has $2.8 trillion in assets. $2.1 trillion are from offshore. singapore has $550 billion in assets under management. nearly $450 billion are from off
the eurozone's collective deficit decreased in 2012. its most financially strapped countries, including ireland, greece and italy, have trimmed or stabilized deficits, while more secure nations like germany have pulled back on spending. meanwhile, greece, ireland, italy and portugal each still have debt that is higher than a year of the country's economic output. general motors drives up sales in china. the car company sold one million cars in china faster than it ever has before. last year, it...
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Apr 20, 2013
04/13
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many of you have heard richard's book, the last child in the woods about children's nature deficit disorder, as he calls it. this has happened slowly. it started with writers like jack london and william long that theodore roosevelt called major fakers. that put -- we go through how we began increasingly to get our views of nature digitally and on screens rather than hands-on a stewardship kind of things. and so we took ourselves out of the storage of business. we took our cells out of the prediction business. huge swaths of the white tailed year's historic range, which is that eastern one-third of the united states, it's off-limits to human predation, and there is all sorts of evidence not to suggest that the biggest predator of white tail deer since the end of the last ice age is not wolves and cougars but human beings. so -- and i had messages is wildlife do a study. two rules which we all think of much. you cannot discharge a firearm within 150 feet of a hard surface road in massachusetts or thin 500 feet of an occupied dwelling. massachusetts has a lot of rose and a lot of people. it i
many of you have heard richard's book, the last child in the woods about children's nature deficit disorder, as he calls it. this has happened slowly. it started with writers like jack london and william long that theodore roosevelt called major fakers. that put -- we go through how we began increasingly to get our views of nature digitally and on screens rather than hands-on a stewardship kind of things. and so we took ourselves out of the storage of business. we took our cells out of the...
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Apr 16, 2013
04/13
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KQEH
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it's believed that cyprus may need to sell some gold to help cover its deficit. whale analysts don't feel it would have a huge impact on the overall market, they worry it sets a precedent for other troubled countries. while others believe gold will rebound, the thought is that the pile on selling doesn't last. >> the chances are that it will go up and down for a few weeks around then stabilize and the buyers will then step in. >> while some are worried about how the decline might impact their pension plans, it usually tends to be a small percentage of a diversified portfolio. the decline might be balanced out by gains in equities and there's even a silver lining. for those in the market to buy the commodity itself or gold jewelry, this could be a time to jump in. >> that tumble in gold prices also prompted a rare retraction from bill gross. the founder and co-chief investment officer of pimco. at a barrens magazine event last month, he predicted prices wouldn't move much unless real interest deklaclined further or expectations rose higher. neither happened. today
it's believed that cyprus may need to sell some gold to help cover its deficit. whale analysts don't feel it would have a huge impact on the overall market, they worry it sets a precedent for other troubled countries. while others believe gold will rebound, the thought is that the pile on selling doesn't last. >> the chances are that it will go up and down for a few weeks around then stabilize and the buyers will then step in. >> while some are worried about how the decline might...
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Apr 22, 2013
04/13
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. >> it is worth it to get the deficit down. painful but stressful. >> it puts more stress on air traffic control. it is not right. >> the f.a.a. says this will not impact safety. the advice during all of of this, you have heard it before, check on your fight before you head to the airport with a website handling that for you, and we have a link to it at abc7news.com. the furloughs will be in effect until september. >> thank you, amy hollyfield. a great day for short sleeves. >> it is new outfit time. >> springtime. almost summer-like weather. here is a look at at&t park, talk about a gorgeous evening, we will talk about what to expect weapon the diamondbacks take on the giants and how warm. we get? that is ahead. >> if you are trying to lose weight, is it better to start dieting first or exercising first? doctors think they have the answer. >> here is a look from our exploritorium camera on the roof of the new explorito >> covering fremont, palo alto, north bay and all the bay area, this is abc7 news. you trying to lose weight.
. >> it is worth it to get the deficit down. painful but stressful. >> it puts more stress on air traffic control. it is not right. >> the f.a.a. says this will not impact safety. the advice during all of of this, you have heard it before, check on your fight before you head to the airport with a website handling that for you, and we have a link to it at abc7news.com. the furloughs will be in effect until september. >> thank you, amy hollyfield. a great day for short...
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Apr 23, 2013
04/13
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how do we do the deficit reconstruction. how do we do the tough stuff. let level the playing field, let's make this responsive to the main stream businesses every day. struggle and simply asking for justice. they're simply asking for equity. i yield the floor. >>> joining us from capitol hill. what is the purpose of this senate internet sales tax bill? >> the legislation state require that online retailers charge sales tax when consumers make a purchase online. that includes retailers not within their own state. >> who are some of the supporters? why did some say it will level the -- playing field for retailers? >> the big which include retail industry. it's the big restalers -- retailers, walmart, amazon.com, which is an online retailer. they said brick and mortar are at the disadvantage. they have to charge the sales tax with the online retailers don't. consumers are technically are supposed to pay the taxes on the tax return, but studies show that most don't. so in effect online goods get that 6 to 10% on average discount. >> what about the opponents
how do we do the deficit reconstruction. how do we do the tough stuff. let level the playing field, let's make this responsive to the main stream businesses every day. struggle and simply asking for justice. they're simply asking for equity. i yield the floor. >>> joining us from capitol hill. what is the purpose of this senate internet sales tax bill? >> the legislation state require that online retailers charge sales tax when consumers make a purchase online. that includes...
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Apr 20, 2013
04/13
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now, some people can't understand what the trade deficit is, some will, but the trade deficit is the difference between what america exports and what we import so what it really means to say that we're $500 billion out of balance for the rest of the world is that we're consuming more than we produce to the tune of $500 billion a year. the reason that's true is the only place you can get goods to consume is you either make them yourself or import them from someplace else. this is another way in which the united states is living beyond its means. now, those remarks were to try to get you interested. people don't usually pay money to hear me speak. i assume you are all at least somewhat interested. if you look at free trade, once you understand there's an issue here with the trade situation, if any of you got a wallet on you, pull out a ten dollar bill. the guy on the ten dollar bill etary of the treasury, ca the intellectual architect of american capitalism, one of the founding father, and an envowed protectionist as was abraham lincoln, as was virtually every president prior to world
now, some people can't understand what the trade deficit is, some will, but the trade deficit is the difference between what america exports and what we import so what it really means to say that we're $500 billion out of balance for the rest of the world is that we're consuming more than we produce to the tune of $500 billion a year. the reason that's true is the only place you can get goods to consume is you either make them yourself or import them from someplace else. this is another way in...
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Apr 20, 2013
04/13
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so as much talk as there is right now about fiscal deficits, only let the world economy, it is perhaps part of future growth . the willingness to reciprocate and recognize the underlying the chances for prosperity. so the last they'll like to say, something a bit extraordinary. the catholic church, couple and their foreign. big changes. the world's most. the future, the future lies largely in the future of the church and the emerging markets. but as those in the catholic church and the images that come of the just of the emerging world so that we can all share in the futures. a muffled. [applause] >> how can you had the discipline and the clarity and a example i would use would be check, we don't trust them to keep the country afloat. we don't trust them to properly regulate. how do we maintain solid discipline free trade relations and support their growth, support our gross? >> as i think about that this get -- discipline plus clarity. the use the example of free trade discipline is the contrast of free trade means that we both imports and exports to prosper. we often fall. a tremendo
so as much talk as there is right now about fiscal deficits, only let the world economy, it is perhaps part of future growth . the willingness to reciprocate and recognize the underlying the chances for prosperity. so the last they'll like to say, something a bit extraordinary. the catholic church, couple and their foreign. big changes. the world's most. the future, the future lies largely in the future of the church and the emerging markets. but as those in the catholic church and the images...
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Apr 17, 2013
04/13
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the administration said we reduced deficit by police $2.6. the president is responsible for all the policy enacted before when he was in office for the first two years. if you add back the money for the stimlis, the payroll tax holiday, the 24% increase in domestic spend. total deficit reduction when you net it out comes close to $5 billion. not the higher number. you have to add both sides. all of those savings have been signed to law. this is the second line on the chart. once you take out the baseline gains and add back nearly spending increase in the budget when the gimmick removed and spending counted. total deficit reduction comes to $1 19 billion. we see it as a disappointment. because it's a missed opportunity. we need a new floach washington to meet the most pressing challenges. that's what we are offering. we offer a plan to balance the budget in ten years which we think is a critical to growing a healthy economy. we extend opportunity for them. we guarantee we think we need to get back to work to repair the safety net there in a re
the administration said we reduced deficit by police $2.6. the president is responsible for all the policy enacted before when he was in office for the first two years. if you add back the money for the stimlis, the payroll tax holiday, the 24% increase in domestic spend. total deficit reduction when you net it out comes close to $5 billion. not the higher number. you have to add both sides. all of those savings have been signed to law. this is the second line on the chart. once you take out...
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Apr 18, 2013
04/13
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weekend fix the budget that reduces the deficit by $1.2 trillion over 10 years and that would take a grand bargain including spending cuts and additional revenues. would turn off the automatic spending cuts and sequestration for those 10 years. i remain hopeful we can develop such a bipartisan plan but absent a so-called grand bargain, surely we could devise a balanced deficit reduction package for one year that avoid sequestration in fy2014. we simply cannot continue to ignore the effects of sequestration. sequestration will have a major impact on military personnel. the pay of military personnel has been exempt it will ask them -- for troops including schools, military children, family support programs and transition assistance programs and mental health and other counseling programs. the president's budget request continues the measure drawdown of active duty and present and strength. we have in recent years given the department numerous force shaping authorities to allow us to reduce the debt strength in a responsible way, ensuring that the service maintains the proper enforcemen
weekend fix the budget that reduces the deficit by $1.2 trillion over 10 years and that would take a grand bargain including spending cuts and additional revenues. would turn off the automatic spending cuts and sequestration for those 10 years. i remain hopeful we can develop such a bipartisan plan but absent a so-called grand bargain, surely we could devise a balanced deficit reduction package for one year that avoid sequestration in fy2014. we simply cannot continue to ignore the effects of...
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Apr 16, 2013
04/13
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doesn't help us with our trade deficit with china. doesn't help us export more grain to russia. $168 billion we ask american taxpayers to dig into their pocket and pay for the pleasure of paying nair income taxes. more -- their income taxes. more and more americans, mr. speaker, find they can't do their own taxes, that they have to go to a professional tax preparer. i don't mind paying my taxes. i think i'm getting my money's worth. america is a great country. but to help somebody help me pay the taxes makes me angry and it's wrong. it's wrong. you know, i look at what's happened in those former soviet block countries, mr. speaker. you know, those former soviet block countries have all moved to flat taxes? what they found is when they have high tax rates and very difficult to comply with, folks just didn't pay their taxes at all. but when they lowered that rate, made it flat, applied it across a broad base, folks began to voluntarily emit -- remit their taxes. it's not rocket science. it's what we've seen in example after example afte
doesn't help us with our trade deficit with china. doesn't help us export more grain to russia. $168 billion we ask american taxpayers to dig into their pocket and pay for the pleasure of paying nair income taxes. more -- their income taxes. more and more americans, mr. speaker, find they can't do their own taxes, that they have to go to a professional tax preparer. i don't mind paying my taxes. i think i'm getting my money's worth. america is a great country. but to help somebody help me pay...
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Apr 22, 2013
04/13
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greece has made a lot of progress in reducing deficit as well. therefore, we are regaining confidence. and if you look at market, markets are very, have regained a lot of confidence. and bonds for all member states, including italy, spain, all the concerned countries, are below they used to be before the crisis. therefore, markets have regained what we are doing now is building the next step, building the banking union. we have already agreed on mechanisms because we need a strong european supervision of banks because our banking works not only in the frame of one member state, but all of us. we need a european mechanism and a european supervision. we haveimemented, we will implement a supervise mechanism in the coming weekings. it -- weeks. it has been already decided. we will build, we have a european regulation on deposit insurance. we have a european regulation on our -- it is not yet decided, but it's drafted, and it is on the way on regulation that was -- [inaudible] mechanism as well. and, therefore, we are working step by step in the dire
greece has made a lot of progress in reducing deficit as well. therefore, we are regaining confidence. and if you look at market, markets are very, have regained a lot of confidence. and bonds for all member states, including italy, spain, all the concerned countries, are below they used to be before the crisis. therefore, markets have regained what we are doing now is building the next step, building the banking union. we have already agreed on mechanisms because we need a strong european...
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is presently struggling with a budget deficit the u.k. is saddled with an enormous deficit complete with negative economic growth none of those countries have anticipated that these economic ills would overlap in such a way that it would inflict such a severe downturn on them one could argue that it was economists who had failed to give us an early warning or that it was the regulators who had failed to account for all the risks or maybe and i think this is the case it was politicians who had allowed a boost in spending without securing revenues are driven as they often are by populist russia now as a result those economies were essentially living on credit i believe that one of the major precursors to the crisis had been exactly the fact that politicians who oversaw an accumulation of debt in fact when their economies were enjoying positive economic growth growth periods should normally be used to reduce debt when the crisis broke out those economies found themselves ridden with debt with no reserves to use as a safety cushion therefore
is presently struggling with a budget deficit the u.k. is saddled with an enormous deficit complete with negative economic growth none of those countries have anticipated that these economic ills would overlap in such a way that it would inflict such a severe downturn on them one could argue that it was economists who had failed to give us an early warning or that it was the regulators who had failed to account for all the risks or maybe and i think this is the case it was politicians who had...
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Apr 22, 2013
04/13
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spanish deficit was up to 10.6% of gdp. stephane joins us now live from madrid. >> there is no surprise. 10.6% of gdp. there's a reason behind it. it's the cost of bailing out the spanish banking sector. eurostadt did not give the details about the calculation, but without the cost of bailing out the banking sector, the deficit was 6.9% of gdp, which is higher than the 3% target set by the government, but of course that would be much lower than the 10%, for instance, deficit that we've seen in greece last year as a result, of course, the spanish debt is rising. it's now 84.2% of the spanish gdp. that's a sharp increase if you compare to the level before the prices in spain. and there's a paradox in that announcement. yes, we've seen some positive reaction on the bond market. the other part is that it will actually help the government to ask for more time to reduce its public deficit below 3% of ggdp. the new target will be 2016, two years later than expected, and that will give the government a bit of precome, a bit of marg
spanish deficit was up to 10.6% of gdp. stephane joins us now live from madrid. >> there is no surprise. 10.6% of gdp. there's a reason behind it. it's the cost of bailing out the spanish banking sector. eurostadt did not give the details about the calculation, but without the cost of bailing out the banking sector, the deficit was 6.9% of gdp, which is higher than the 3% target set by the government, but of course that would be much lower than the 10%, for instance, deficit that we've...
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Apr 19, 2013
04/13
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look, economics are fiscal situation, the deficit, the budget, are all threats to the security. there's a lot of physical seen and unseen threats out there that perhaps are different even from when admiral mullen made that comment. i align myself with the economic piece of it. there are just groups out there that threaten us. ? 0. >> thank you. it is important for us, i think to remember the president's budget despite proposing significant tax increases would still contemplate adding $12.db $2.5 trillion head by the total public. .. >> future years covered by the budget control act. will we continue to see budget that is ignore provisions, ignore the sequester provisions? can you expect budgets like that to be sent to congress that don't reflect the law? secretary hagel? >> the fy15 budget we'll present
look, economics are fiscal situation, the deficit, the budget, are all threats to the security. there's a lot of physical seen and unseen threats out there that perhaps are different even from when admiral mullen made that comment. i align myself with the economic piece of it. there are just groups out there that threaten us. ? 0. >> thank you. it is important for us, i think to remember the president's budget despite proposing significant tax increases would still contemplate adding...
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Apr 19, 2013
04/13
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he found the deficit ceiling will come down for trillions of dollars. his study found $2.5 trillion because when people become legalized, they will start paying taxes and they'll also have to pay back taxes, fines and fees through part of this immigration system. so that means they're not going to be coughing -- costing taxpayers money to go through this process and as many economists believe will raise the quality of life. host: the senate judiciary committee takes up the immigration bill this morning. c-span 1 will have that live. you'll also find that on our website. rebecca kaplan is a staff writer at in the national journal. it includes covering the campaign looking at the republican side of things. she worked on that and she also has covered the white house, as part of national journal's team and now she's looking at congress. one of the aspects of congress you're looking at is the house. here's a recent headline of her story. forget working groups, the house judiciary is moving immigration on its own. what's happening in the house? >> the chairma
he found the deficit ceiling will come down for trillions of dollars. his study found $2.5 trillion because when people become legalized, they will start paying taxes and they'll also have to pay back taxes, fines and fees through part of this immigration system. so that means they're not going to be coughing -- costing taxpayers money to go through this process and as many economists believe will raise the quality of life. host: the senate judiciary committee takes up the immigration bill this...
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Apr 16, 2013
04/13
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we have a massive deficit. >> well, we had a 6% of gdp deficit in 2006. it's now 3% of gdp. and if some of the economists' projections are correct, we go into surplus by 2020. that's what the market thinks. it could go wrong and i wouldn't sell all my gold at this point. but the way the market is going, we are likely to have a trade surplus or at least a deminimus deficit and that means our international credit is going to be terrific and there is no dollar crash. >> peter schiff, let me just ask you. look, there has been an awful lot of pessimism and i've been a credit of ben bernanke. and it's interesting to me and i want to get your reaction. the big inflation never came. the total collapse of the dollar never came. in fact, the dollar, against broad trade-weighted indexes is about what it was four or five years ago. gone up and down, hasn't really moved. this pumping of the money supply, most of the banks didn't use the reserves. and the inflation rate, heck, today, i think the year on year cpi, 1.3%. in other words, a lot of the doom and gloom collapsed the dollar, coll
we have a massive deficit. >> well, we had a 6% of gdp deficit in 2006. it's now 3% of gdp. and if some of the economists' projections are correct, we go into surplus by 2020. that's what the market thinks. it could go wrong and i wouldn't sell all my gold at this point. but the way the market is going, we are likely to have a trade surplus or at least a deminimus deficit and that means our international credit is going to be terrific and there is no dollar crash. >> peter schiff,...
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Apr 19, 2013
04/13
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it drives the sided search for a piece deficit that i don't think exists. we went to that in the '90s. to undermine the readiness and capabilities to get the arsenal and they are expanding. we should be expanding hours. but to have a significant impact of the capabilities to reach the intelligence community just in time when we need it the most. to be asked about the effects of sequestration of the intelligence community and i have quoted you several times on this and it is very profound. olmec we're cutting real capability and accepting greater risk for intelligence shorter hours for public parks or longer lines at the airports for intelligence it is insidious. the capability you don't know about that until you notice that. you'll notice ny when we have the same" end quote. and i think that is the belief and the reasonthat is in the military is super bear to deal with threats around the world has the intelligence community uses capability.we are making us lese and i look to our witnesses how the current budget cuts accurately assess these threats especiall
it drives the sided search for a piece deficit that i don't think exists. we went to that in the '90s. to undermine the readiness and capabilities to get the arsenal and they are expanding. we should be expanding hours. but to have a significant impact of the capabilities to reach the intelligence community just in time when we need it the most. to be asked about the effects of sequestration of the intelligence community and i have quoted you several times on this and it is very profound. olmec...
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Apr 22, 2013
04/13
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but congress has the power to rreverse these self-inflicted wounds without adding one penny to the deficit. we've provided money, the money is there, we haven't spent it, we don't need to. we can use the savings from wrapping up two wars to avoid the full brunt of the sequester's arbitrary cuts. the congressional budget office said that would score; that money is available, it is money we could use. funding for the operation in ir a afgan has in alled overseas contin yeype account. since the worst of the seq cuts are creating an emergency situation, we should consider using thighs funds to offset their impact. these really are emergencies and we should do it. i am not proposing we use them to offset the entire sequester but congress has the power to avert the most painful sequester cuts using these mexico. 28 republicans in the senate and 174 republicans in the house would impose these sequester haphazard cuts. if those same republicans work with democrats, we could act to protect families and businesses and ensure our national defense and save millions of americans hours waiting at the ai
but congress has the power to rreverse these self-inflicted wounds without adding one penny to the deficit. we've provided money, the money is there, we haven't spent it, we don't need to. we can use the savings from wrapping up two wars to avoid the full brunt of the sequester's arbitrary cuts. the congressional budget office said that would score; that money is available, it is money we could use. funding for the operation in ir a afgan has in alled overseas contin yeype account. since the...
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Apr 23, 2013
04/13
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number one, the economic deficit of less skilled immigration. the u.s. work force is changing american family is having fewer children and birthrates are now well below levels. 10,000 baby boomers are retiring every day. and the lush and her workers coming behind them are much more educated than their parents. in 196064% of american workers were high-school dropouts. today the number is less than 10%. together these three factors have had a dramatic effect on the pool of americans available to fill low-skill jobs. it is no accident that my members are constantly complaining about the difficulty finding workers. the pool have to draw on a shrinking. for those seeking higher, unskilled man of prime working age the supply of u.s. workers is literally half the size it was in 1970. if a thing, demand is growing. in $0.195,525 of every dollar spent on food was spent in a restaurant. today it is $0.50. one of the fastest growing occupations in america is some help aid. many less skilled immigrant workers and only then increasingly in years ahead. aside from tak
number one, the economic deficit of less skilled immigration. the u.s. work force is changing american family is having fewer children and birthrates are now well below levels. 10,000 baby boomers are retiring every day. and the lush and her workers coming behind them are much more educated than their parents. in 196064% of american workers were high-school dropouts. today the number is less than 10%. together these three factors have had a dramatic effect on the pool of americans available to...
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Apr 16, 2013
04/13
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CURRENT
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for the purpose of deficit reduction. they acknowledge that there are all sorts of tax breaks out there in the tax code. they just don't want to close a single one of them in order to reduce the deficit. they will only close those loopholes if it means reducing the tax rate on high income individuals. >> bill: so peter let's post on our web site a link, maybe the phone number for the speaker's office so people can get in and suggest do the right thing. we're not calling for anything special. just regular order. >> regular order on the budget. >> bill: conference, members of the conference committee the senate and house can get together and maybe we can resolve this budget issue. congressman, with that, we'll let you get back to work. >> good to be with you. >> bill: thank you so much for coming in. i appreciate your time very much leadership on so many issues. congressman chris van hollen. i'll be back with a quick parting shot for today. >> announcer: this is the bill press show. i think the number one thing that viewers
for the purpose of deficit reduction. they acknowledge that there are all sorts of tax breaks out there in the tax code. they just don't want to close a single one of them in order to reduce the deficit. they will only close those loopholes if it means reducing the tax rate on high income individuals. >> bill: so peter let's post on our web site a link, maybe the phone number for the speaker's office so people can get in and suggest do the right thing. we're not calling for anything...
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Apr 20, 2013
04/13
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CSPAN
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it would over 10 years increased deficit by about $18 billion. it doesn't tell like a lot now but there are things to remember about the $18 billion. since that time, many of the things that were policy , there has been spending on that about half of what the cbo expected would be needed during those comparable policy objectives now maybe cheaper and generate less and the way of spending. is that thehing cbo did not use a dynamic scoring. you did not take into account the potential economic growth affects. the last piece of what is ,appened is since that score congress has passed and the president has assign the affordable care act. my reading of this legislation is is a bipartisan commitment that those who would become registered provisional immigrants who are here illegally, would not be eligible 10,benefits not for probably not for 15. so there will not be a budgetary impact. over the longer term, there is something congress should keep on and terms of the budgetary outlook. i would be happy to discuss with you the impact of the bill in that r
it would over 10 years increased deficit by about $18 billion. it doesn't tell like a lot now but there are things to remember about the $18 billion. since that time, many of the things that were policy , there has been spending on that about half of what the cbo expected would be needed during those comparable policy objectives now maybe cheaper and generate less and the way of spending. is that thehing cbo did not use a dynamic scoring. you did not take into account the potential economic...
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Apr 21, 2013
04/13
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CSPAN
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she was not in any way on the same level as president reagan when it came to deficits will take care of themselves if we cut taxes and growth will come in. idea that cutting taxes raises revenues and you do not have to worry about deficits, that was not what lady thatcher was at all. she was the grant them -- --ntham housewufe adding up she was much more cautious. helen, republican color. caller: i am from manchester, england. i frequently visit my relatives in england. you know, in the late 1970s early 1980s i was adding there for a little while and i would talk to my cousins. they really hated margaret thatcher because they felt that she was a direct threat to their own livelihood. they were very pro-union, very labour party and they believe thatcher was going to take away their jobs, their homes, their education. and i was there two years ago. speaking to the same cousins, they still hate thatcher. they blame her for all of england's economic woes, blame her for the breakup of the uk that is pending with scotland, if itey really feel that was not for the government, for socialism,
she was not in any way on the same level as president reagan when it came to deficits will take care of themselves if we cut taxes and growth will come in. idea that cutting taxes raises revenues and you do not have to worry about deficits, that was not what lady thatcher was at all. she was the grant them -- --ntham housewufe adding up she was much more cautious. helen, republican color. caller: i am from manchester, england. i frequently visit my relatives in england. you know, in the late...
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Apr 22, 2013
04/13
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FBC
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called on congress to replace the dumb sequester cuts and put instead in place a smarter approach to deficit reduction. >> republicans are charging politics. this is from bill shuster, the chairman of the transportation and infrastructure committee a republican. this disregard for the american public is indicative that the administration views as the sequester to attempt to score political points rather than address real issues and find real savings in a bloated federal bureaucracy. the airline industry says that these cuts could be designed much better. they say they have been designed for what appears to be maximum impact. they are suing the faa to try to overturn the way these cuts have been structured. back to you. melissa: we are up-to-date. thanks to you, rich edson. melissa: despite the faa's dire warnings so far flight delays seem to be anything but sequester-related as you just heard. is this another example of the faa crying wolf? let's ask mary schiavo. former secretary with the transportation. faa playing politics. >> they can rely on constituent group, airline and air port opera
called on congress to replace the dumb sequester cuts and put instead in place a smarter approach to deficit reduction. >> republicans are charging politics. this is from bill shuster, the chairman of the transportation and infrastructure committee a republican. this disregard for the american public is indicative that the administration views as the sequester to attempt to score political points rather than address real issues and find real savings in a bloated federal bureaucracy. the...
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Apr 19, 2013
04/13
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CSPAN2
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we can develop such a bipartisan plan perhaps in a so-called grand bargain we could devise a balance deficit reduction package for one year that avoids sequestration in fy 2014. we simply cannot continue to ignore the effect of sequestration. sequestration will have a major impact on military personnel. though the pay of military personnel has been exempted, the sequester would reduce military readiness in the services for the troops including schools for military children, family support programs and transition assistance programs and mental health and other counseling programs. the president's budget request continues a major drawdown of active duty and reserve strength. we have in recent years given the department numinous force shaping authorities to allow it to reduce its strength in a responsible way ensuring that the services maintain the proper force mix and avoiding grade and occupational disparities, all of which have long term affect. if sequestration continues, the result would be ore pripitous foe structe that is ou of t the requirements of our defense strategy. sequestration ha
we can develop such a bipartisan plan perhaps in a so-called grand bargain we could devise a balance deficit reduction package for one year that avoids sequestration in fy 2014. we simply cannot continue to ignore the effect of sequestration. sequestration will have a major impact on military personnel. though the pay of military personnel has been exempted, the sequester would reduce military readiness in the services for the troops including schools for military children, family support...
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trade deficit with. devastated middle class. so the first part deals with those kinds of problems the second are shows what is happening to the american labor force it in effect has been turned into a third world labor force where the only way i'm in jobs are and lowly paid the best services so that they can effect. the new economy is to have to have an undeveloped very real economy and the third part deals with the current. so called sovereign debt crisis in europe and shows that it's being used to establish. two things one that the public must bear the cost of mistakes made by private banks and the other use of the so-called crisis is to take away the sovereignty of the individual countries by turning their budget and tax policy over to to the e.u. so that's what the book about as it walks you through basically the failure of economics the failure of all of the apologists for the failure policies now what happened with while it did i use the failure of laissez faire capitalism well if you look back over the last quarter centur
trade deficit with. devastated middle class. so the first part deals with those kinds of problems the second are shows what is happening to the american labor force it in effect has been turned into a third world labor force where the only way i'm in jobs are and lowly paid the best services so that they can effect. the new economy is to have to have an undeveloped very real economy and the third part deals with the current. so called sovereign debt crisis in europe and shows that it's being...
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Apr 19, 2013
04/13
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sorry, deficit-neutral. thank you, everybody. [applause] >> and it update on the manhunt for the suspect in the boston marathon bombings, overnight his brother was killed, also in mit officer was killed in a shootout. the younger brother is on the loose. and lockdown in the boston area. they were last seen in the water to an area just outside boston. and in his cover the short while ago, the police said the boston area continues on lockdown as they go house to house. they also plan -- a controlled explosion at a house in cambridge, massachusetts, some timeay. amtrak is suspending service between new york and boston. senior democrat associated press as on the house intelligence committeeay the to the st ng suspects had before they confronted police., there was a briefing earlier today. across our networks, we will keep you posted with the latest news and updates. we continue in about an hour in 10 minutes we will take you live to the state department. john kerry, whose brief this morning at the white house on the boston investigat
sorry, deficit-neutral. thank you, everybody. [applause] >> and it update on the manhunt for the suspect in the boston marathon bombings, overnight his brother was killed, also in mit officer was killed in a shootout. the younger brother is on the loose. and lockdown in the boston area. they were last seen in the water to an area just outside boston. and in his cover the short while ago, the police said the boston area continues on lockdown as they go house to house. they also plan -- a...
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trade deficit with. a devastated middle class. so the first part deals with those kinds of problems the second are shows what is happening to the american labor force it in effect has been turned into a third world labor force where the only available jobs are and lowly paid the best services so that the effect of. the new economy is to have to have an undeveloped very real economy and the third part deals with the current. so called sovereign debt crisis in europe and shows that it's being used to establish. two things one that the public must bear the cost of mistakes made by private banks and the other use of the so-called crisis is to take away the sovereignty of the individual countries by turning their budget and tax policy over to to the e.u. so that's what the book about as it walks you through basically the failure of economics the failure of all of the apologists for the failure policies now what happened with while it did i use the failure of laissez faire capitalism well if you look back over the last quarter century i
trade deficit with. a devastated middle class. so the first part deals with those kinds of problems the second are shows what is happening to the american labor force it in effect has been turned into a third world labor force where the only available jobs are and lowly paid the best services so that the effect of. the new economy is to have to have an undeveloped very real economy and the third part deals with the current. so called sovereign debt crisis in europe and shows that it's being...
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is presently struggling with a budget deficit the u.k. is saddled with an enormous deficit complete with negative economic growth none of those countries had anticipated that these economic ills would overlap in such a way that it would inflict such a severe downturn on them one could argue that it was economists who had failed to give us an early warning or that it was the regulators who had failed to account for all the risks or maybe and i think this is the case it was politicians who had allowed a boost in spending without securing revenues are driven as they often are by populist russia now as a result those economies were essentially living on credit i believe that one of the major precursors to the crisis has been exactly the fact that politicians who oversaw an accumulation of debt back when their economies were enjoying positive economic growth growth periods should normally be used to reduce debt when the crisis broke out those economies found themselves ridden with debt with no reserves to use as a safety cushion therefore i th
is presently struggling with a budget deficit the u.k. is saddled with an enormous deficit complete with negative economic growth none of those countries had anticipated that these economic ills would overlap in such a way that it would inflict such a severe downturn on them one could argue that it was economists who had failed to give us an early warning or that it was the regulators who had failed to account for all the risks or maybe and i think this is the case it was politicians who had...
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Apr 18, 2013
04/13
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KRCB
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finance ministry officials said the trade deficit came to $3.7 billion. exports rose 1.1% from a year earlier in yen terms. that's the first rise in two months. imports rose 5.5%. it rose for a fifth straight month. higher demand for crude oil and liquefied gas was aajor stumble. the dow jones industrial average ended up 14,618. down more than .9 of a percent. for more on how stocks are trading, let's go to ramin at the tokyo stock exchange. seems like we're having a bald week with stocks up and down every day. >> it does seem that way. we had housing data on tuesday that rose and now we see the likes of bank of america and some of the major tech suppliers coming out with weak numbers and forecast this which pulled down the key indexes as well. let's look at how that is translating into the opening levels for today, thursday, april 18th here. both indexes in thenegative. 1347 down one 1% the nikkei. down 1,125 for the topix. the nikkei rebounded on wednesday. the focus today may shift to financial and tech related shares especially as shares of apple fell
finance ministry officials said the trade deficit came to $3.7 billion. exports rose 1.1% from a year earlier in yen terms. that's the first rise in two months. imports rose 5.5%. it rose for a fifth straight month. higher demand for crude oil and liquefied gas was aajor stumble. the dow jones industrial average ended up 14,618. down more than .9 of a percent. for more on how stocks are trading, let's go to ramin at the tokyo stock exchange. seems like we're having a bald week with stocks up...
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Apr 23, 2013
04/13
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KCSM
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as they aim to turn its primary balance deficit into a surplus by 2020, prime minister abe has ordered them to come up with a clear road map to tackle the problem. they want to include this in the government's mid to long term economic and fiscal policies to be compiled by around june. the prime minister made the comment at a meeting of council on economic and fiscal policy held on monday. it came after council members from the private sector said in the meeting that the government's effort to make the finances healthy are essential. they said this is to ease concerns that the bank of japan is taking over the country's debt as the central bank boosts purchased. the members urge them to use funds from the private sector as well as to promote reforms on medical nursing systems. >>> bold monetary easing measures by japan's central bank are starting to have an effect on the country's constitutiinst investors. the yield falls on japanese government debt. officials reveal how to plan to manage funds for fiscal 2013 which started this month. they say they will boost their investments by $10 b
as they aim to turn its primary balance deficit into a surplus by 2020, prime minister abe has ordered them to come up with a clear road map to tackle the problem. they want to include this in the government's mid to long term economic and fiscal policies to be compiled by around june. the prime minister made the comment at a meeting of council on economic and fiscal policy held on monday. it came after council members from the private sector said in the meeting that the government's effort to...
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Apr 16, 2013
04/13
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CSPAN
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eye 104
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our deficit is going down. we need to determine what revenue that we can increase in order to pay our bills, provide for the basic necessities of this nation. not only is the tragedy in boston one of human life, but it is a disaster that will require federal emergency management aid just as our continued friends in the southeast and northeast are still suffering from hurricane sandy and the atrocity of this house cannot provide them with resources for 65 days. i believe that it is time for the american people to know that we do care. in order to care you need to have. budget conferees to go through the budget process and begin to pass elements of the president's budget that speaks to the heart and mind, mr. speaker, of the needs of the american people. i conclude by offering, again, my deepest sympathy and promise to those who suffer that america and its congress must stand up and respond to your needs. i am ready to do so as my colleagues are. we should do it now. i yield back. the speaker pro tempore: the cha
our deficit is going down. we need to determine what revenue that we can increase in order to pay our bills, provide for the basic necessities of this nation. not only is the tragedy in boston one of human life, but it is a disaster that will require federal emergency management aid just as our continued friends in the southeast and northeast are still suffering from hurricane sandy and the atrocity of this house cannot provide them with resources for 65 days. i believe that it is time for the...
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Apr 18, 2013
04/13
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CNBC
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we are doing major work on the deficit this year. that is slowing the economy. later on the economy can accelerate. overall, it wasn't as bad as it looked in the fourth quarter. it wasn't as good as 3% to 4% if r the first quarter. i think it's good enough. >> wow. a lot of people would take that. you ian say -- i mean, talk about a silver linings playbook that the collapse in goal removes an impediment to hardball asset pricing. with you explain that? >> we have seen a lot of markets are very out of whack in recent years. that causes people to make strange investment decisions. also to cash accounts. still too much money sitting in cash accounts. but it doesn't tell me anything important by the global economy. it just tells me that one side show was that distraction for a lot of investors is ending here. so it's funneling money back in towards long-term inmentes in real estate, in business, in equities. that's where we want to see money invested. >> does that mean you take a gamble on the technology? we'll get results tonight or is this a general bulls market?
we are doing major work on the deficit this year. that is slowing the economy. later on the economy can accelerate. overall, it wasn't as bad as it looked in the fourth quarter. it wasn't as good as 3% to 4% if r the first quarter. i think it's good enough. >> wow. a lot of people would take that. you ian say -- i mean, talk about a silver linings playbook that the collapse in goal removes an impediment to hardball asset pricing. with you explain that? >> we have seen a lot of...
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Apr 16, 2013
04/13
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KICU
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deal to help egypt has floundered, and pressure will likely be exerted upon pakistan to cut its budget deficit and replay 80% of an $11-billion imf loan still outstanding from 2008. the faa orders inspections of more than 1,000 boeing 737 jets. the wall street journal reports that the concern is with "attach pins" that may have been improperly manufactured. if the pins fail, it can cause pilots to lose control of an aircraft. the directive was not a result of any accidents caused by faulty pins. the inspections are not expected to affect flight schedules, but could spell added trouble for boeing, which is still trying to get its dreamliners back in the air. two big-name retailers are denying compensation to victims of a factory fire where workers were making garments to be sold by the retailer. the controversy involves wal-mart and sears. a fire erupted at a bangledesh clothing factory in november, killing 112 workers. according to published reports, the two companies ignored a meeting to discuss payouts to help victims and their families. bloomberg reports both companies have said the supplie
deal to help egypt has floundered, and pressure will likely be exerted upon pakistan to cut its budget deficit and replay 80% of an $11-billion imf loan still outstanding from 2008. the faa orders inspections of more than 1,000 boeing 737 jets. the wall street journal reports that the concern is with "attach pins" that may have been improperly manufactured. if the pins fail, it can cause pilots to lose control of an aircraft. the directive was not a result of any accidents caused by...
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holding a commanding tonight only in the best of five series a deficit no team in the law stated previously overcome with the semifinal however kaka inspired by thomas hurtles twenty one points did their best to rewrite history . and lead by as much as a stunning thirty four points in the third quarter says go rallied in the fourth but the two time champion still suffered their worst defeat in playoff history going down a ninety three seventy two and handing their spanish opponents unlike you who had. however that joy were short lived two days later the sides revealed battle in game four which proved to be a much tighter affair in the first half then in the second sets got pulled away to lead eighty three sixty eight with under four minutes to go but hurdle again was cast as heroes sinking three examples to move the hosts back within. the us found another gab wrapping up a ninety four eighty five victory and a place in the last four with christine should victor happen and sunny wins all scoring nineteen points thanks you are. going to semifinals the army men will face either turkey side fs
holding a commanding tonight only in the best of five series a deficit no team in the law stated previously overcome with the semifinal however kaka inspired by thomas hurtles twenty one points did their best to rewrite history . and lead by as much as a stunning thirty four points in the third quarter says go rallied in the fourth but the two time champion still suffered their worst defeat in playoff history going down a ninety three seventy two and handing their spanish opponents unlike you...